U.S. Chamber of Commerce Wants Online Bill Amended

WASHINGTON, D.C. – As reported by the Dow Jones: "The U.S. Chamber of Commerce wants the Senate to amend the controversial Internet gambling legislation, saying it would impose a 'substantial regulatory burden' on financial institutions.

"The world's largest business federation, which represents more than three million companies and organizations, has joined a growing list of trade associations that oppose parts of the Internet Gambling Prohibition and Enforcement Act.

"The bill, which recently passed the U.S. House of Representatives and will be reviewed by the Senate, would basically prohibit credit card companies and financial institutions from sending payment to online gaming sites.

"…In a separate letter, the Independent Community Bankers of America, also called on Congress to reexamine provisions in the gambling bill…"